BREAKING NEWS
OK LogoNEWS

Whitney Houston's Mother Stops Attempts to Alter Inheritence Payout for Bobbi Kristina Brown

Bobbi kristina brown oct 28 001_0.jpg

Oct. 28 2012, Published 3:04 p.m. ET

Link to FacebookShare to XShare to Email

Cissy Houston, mother of the late Whitney Houston, has reached an agreement with her granddaughter Bobbi Kristina Brown regarding the payout of her $20 million inheritance.

OK! GALLERY: JORDIN SPARKS, BOBBI KRISTINA BROWN AND AMBER RILEY LIGHT UP SPARKLE PREMIERE IN HOLLYWOOD

Previously, Cissy, who is a co-executor of Whitney's estate, feared that the way Whitney arranged for Bobbi Kristina to receive her inheritance would provide "too much, too soon." She worried that Bobbi Kristina, who is 19, would be unable to handle such a large amount of money.

Article continues below advertisement

OK! GALLERY: WHITNEY HOUSTON LAID TO REST IN NEWARK, N.J.

However, grandmother and granddaughter have worked it out privately, and Whitney's original arrangement is, according to a source, "virtually unchanged" and Bobbi will receive her money as planned, in three segments: 10 percent when she turns 21 ($2 million), just under 20 percent at age 25 ($4 million) and the remainder when she turns 30 ($16 million).

MORE ON:
Bobbi Kristina Brown
Advertisement

Want OK! each day? Sign up here!

Opt-out of personalized ads

© Copyright 2024 OK!™️. A DIVISION OF EMPIRE MEDIA GROUP INC. OK! is a registered trademark. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service, Privacy Policy and Cookies Policy. People may receive compensation for some links to products and services. Offers may be subject to change without notice.